UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    Form 13F

                              FORM 13F COVER PAGE

Report for the Calendar Year or Quarter Ended: March 31, 2013

Check here if Amendment |_|; Amendment Number: _______

     This Amendment (Check only one): |_| is a restatement.
                                      |_| adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:    Accipiter Capital Management, LLC
Address: 666 5th Avenue, 35th Floor
         New York, New York 10103

Form 13F File Number: 28-10741

The institutional  investment  manager filing this report and the person by whom
it is signed hereby  represent  that the person signing the report is authorized
to  submit  it,  that all  information  contained  herein is true,  correct  and
complete,  and  that it is  understood  that  all  required  items,  statements,
schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:

Name:  Gabe Hoffman
Title: Managing Member
Phone: 212-705-8700

Signature, Place, and Date of Signing:

       /s/ Gabe Hoffman, North Palm Beach, FL, May 15, 2013

Report Type (Check only one):

|X|  13F HOLDINGS REPORT.  (Check here if all holdings of this reporting manager
     are reported in this report.)

|_|  13F NOTICE. (Check here if no holdings reported are in this report, and all
     holdings are reported by other reporting manager(s).)

|_|  13F COMBINATION  REPORT.  (Check here if a portion of the holdings for this
     reporting manager are reported in this report and a portion are reported by
     other reporting manager(s).)



                             FORM 13F SUMMARY PAGE

Report Summary:

Number of Other Included Managers:                         1
                                                ---------------

Form 13F Information Table Entry Total:                    8
                                                ---------------

Form 13F Information Table Value Total:              $96,212
                                                ---------------
                                                   (thousands)

List of Other Included Managers:

Provide  a  numbered  list of the  name(s)  and Form 13F file  number(s)  of all
institutional  investment  managers  with respect to which this report is filed,
other than the manager filing this report.

          No.  Form 13F File Number     Name

          1    28-11738                 Gabe Hoffman





                                                     FORM 13F INFORMATION TABLE

          COLUMN 1               COLUMN 2    COLUMN 3  COLUMN 4      COLUMN 5       COLUMN 6  COLUMN 7           COLUMN 8
----------------------------- -------------- --------- -------- ------------------ ---------- -------- -----------------------------
                                                        VALUE    SHRS OR  SH/ PUT/ INVESTMENT  OTHER         VOTING AUTHORITY
       NAME OF ISSUER         TITLE OF CLASS   CUSIP   (x$1000)  PRN AMT  PRN CALL DISCRETION MANAGER    SOLE     SHARED     NONE
----------------------------- -------------- --------- -------- --------- --- ---- ---------- -------- --------- --------- ---------
                                                                                          
AETNA INC NEW                 COM            00817Y108   13,667   267,298 S/H        OTHER           1         -   267,298         -
ARENA PHARMACEUTICALS INC     COM            040047102      411    50,000 S/H        OTHER           1         -    50,000         -
CIGNA CORPORATION             COM            125509109   10,611   170,127 S/H        OTHER           1         -   170,127         -
EXPRESS SCRIPTS INC COM       COM            302182100   12,456   216,182 S/H        OTHER           1         -   216,182         -
HEWLETT-PACKARD COMPANY       COM            428236103    8,344   350,000 S/H        OTHER           1         -   350,000         -
TEVA PHARMACEUTICALS INDS LTD ADR            881624209   14,250   359,133 S/H        OTHER           1         -   359,133         -
TRIPLE - S MGMT CORP          COM            896749108   10,503   602,930 S/H        OTHER           1         -   602,930         -
WELLPOINT INC                 COM            94973V107   25,970   392,122 S/H        OTHER           1         -   392,122         -